The Surprising Reality of Unclaimed Property
Facts
But Here’s What Most People Don’t Know…
Why is This Happening?
In California alone, the State Controller’s Office safeguards over $11 billion in unclaimed property. Astonishingly, approximately 1 in 7 Californians have assets waiting to be claimed. Last fiscal year, more than $330 million was returned to its rightful owners. But that’s just a fraction of what is still out there, waiting to be claimed
In California alone, the State Controller’s Office safeguards over $11 billion in unclaimed property. Astonishingly, approximately 1 in 7 Californians have assets waiting to be claimed. Last fiscal year, more than $330 million was returned to its rightful owners. But that’s just a fraction of what is still out there, waiting to be claimed. This unclaimed property comes from places you might not expect—like refunds, paychecks you forgot to cash, or security deposits from utilities and rentals.
Why is This Happening?
But Here’s What Most People Don’t Know…
Why is This Happening?
By law, financial institutions and companies are required to turn over inactive assets to the state after a period—usually three years. The California State Controller’s Office then holds these assets, ensuring they are safe and making the reclaiming process as straightforward as possible through an accessible online portal. This system n
By law, financial institutions and companies are required to turn over inactive assets to the state after a period—usually three years. The California State Controller’s Office then holds these assets, ensuring they are safe and making the reclaiming process as straightforward as possible through an accessible online portal. This system not only protects these forgotten assets from misuse but also offers a clear path for Californians to reclaim what is rightfully theirs.
But Here’s What Most People Don’t Know…
But Here’s What Most People Don’t Know…
But Here’s What Most People Don’t Know…
While these assets sit in state coffers, they accumulate interest—but not for you. The state uses this interest to fund various public services, which means every day your assets remain unclaimed, you miss out on potential earnings that could have been benefiting you. The opportunity cost of not claiming these assets can be significant, e
While these assets sit in state coffers, they accumulate interest—but not for you. The state uses this interest to fund various public services, which means every day your assets remain unclaimed, you miss out on potential earnings that could have been benefiting you. The opportunity cost of not claiming these assets can be significant, especially when you consider the power of compound interest over time.
We specialize in helping Californians, especially the elderly and small business owners, recover their abandoned assets. We understand how hard Californians work to earn their assets, and it’s our mission to ensure they reclaim what is rightfully theirs.
